have probably put me on ignore...but geesh, where was the support and outrage for the forerunners of this clusterfu*. NOW, you want to give bailouts to "deserving" folks. It reminds me of a dangerous intersection without a stop light...to get TPTB to put up a signal, a certain amount of people need to be killed, maimed for life, or otherwise inflicted with loss before even an investigation or signal request can be put forward let alone installed. You hear the stories, but that happened to somebody else, an isolated incident...only after that indeterminate # of crashes has occurred so EVERYBODY knows that intersection is plenty dangerous, does anything at all happen.
Where was the support for those of us who lost whole lifetime careers and stable incomes,as well as our homes, not investment units, while we tried to balance the escalating costs of college for our children and caring for WWII folks to came to feel that they had "earned" not only their government subsizied housing, but their big bonuses, vacations, Cadillacs and Beemers, their fully paid healthcare and pensions, those MFs that after bailing out their stupid kids unwittingly caught in gas wars, outsourcings, and etc..., that their "hard work" was somehow morally superior to their children's labors. Mozilla got his billions, your employers got their tax cuts so they could improve what? your salaries, your equipment, or precious phony well-being in "teambuilding outings," and self-contratulatory office parties featuring bowls full of shrimp and erotic cakes, and pizza lunches on the boss, but it wasn't your job that went bye-bye...
I'm not against welfare for people with work ethics that demand one contribute to the system not leach off of it; however, I'm pretty bitter that only NOW does anyone want to assist those getting the shaft and not because they lost job(s), sometimes in multiple industries after retraining,...no...because they can't read their loan documents...or they gambled and lost big time.
Would you rather have had the kids hanging around on the street corners instead of studying hard to join an increasingly competitive GLOBAL workplace. Finding a niche that fits isn't as easy as it once was, and now that struggle may hardly be worth the struggle. Would you rather decide that your Mother or Father, your child, be institutionalized at the lowest level of care on your tax dollar, especially if they took the time or extended their charity to you as you grew and found your way?
I was reading about "economics" at this site:
http://www.econlib.org/library/Enc/PhillipsCurve.htmlI found two things outdated with the message: 1) It continues to talk about the US, as if there was a closed box around it (for statistical use, of course :sarcasm:, but the globalists who've taken over don't recognize national boundaries; 2) It doesn't account for the corruption of "basic" rules of lending: one doesn't give loans to persons who have insufficient income to meet the terms of the loans they are cut nor how sleight of hand changed "bad" debts into assets.
Then I checked out a faculty working paper here (LOL):
This looks like it should have been entitled "The Fed Chairman's Excuse..." It was all very simple, really, just HUMAN error; they were just blinded by illusion...yet behind every illusion, there are the creators, the magicians...Why are we still watching the show...because we're entertained and pleasantly lulled and distracted by the magic that hasn't YET hit YOUR reality buttons. Finish later, TORNADO SIRENS.